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Dollar falls as weak US data lowers rate hike outlook NEW YORK: The dollar slid Thursday as new US economic data disappointed, adding further evidence to reasons for the Federal Reserve to hold off raising interest rates.Signs of a slowing US economy have multiplied, including recent poor March retail sales and jobs reports. On Thursday, government data showed US housing starts rose less than expected in March. Initial jobless claims, a sign of the pace of layoffs, increased well above estimates to their highest level in six weeks.The euro rose to $1.0761 around 2100 GMT from $1.0684 at the same time Wednesday.A speech by Atlanta Fed chief Dennis Lockhart, a voting member of the Federal Open Market Committee, the central bank's policy arm, also weighed on rate expectations."A murky economic picture is not an ideal circumstance for making a major policy decision" on beginning to raise rates, Lockhart said, insisting he was presenting his own views and not speaking for ...

Dollar tumbles after US data, Fed officials signal later rate hike NEW YORK: The US dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday after comments from Federal Reserve officials and weak U.S. data pushed out expectations for the first Fed rate hike.Atlanta Federal Reserve Bank President Dennis Lockhart, whose comments were closely-watched since he is a voting member of the Fed's rate-setting committee this year, said the Fed's interest rate plans were being ...
C$ rockets to third day of gains on central bank optimism TORONTO: The Canadian dollar rallied against the greenback for a third straight session on Thursday, breaking key technical levels for the first time since January, fueled by the Bank of Canada's more optimistic view of the economy in the second half of the year.A broadly softer greenback, and conflict in Yemen that pushed the price of crude, an important Canadian export, higher, added to the loonie's strength."It's going through all the little lines in the ...
Dollar slips after weak US data supports dovish Fed view NEW YORK: The US dollar hit its lowest level against the euro in a week on Thursday after traders concluded that recent weakness in US economic data could delay the first Federal Reserve rate hike.US housing starts rose far less than expected in March and permits recorded their biggest drop since last May, while a separate report showed a surprise rise in the number of people seeking unemployment aid last week. Traders interpreted the data ...
Dollar slips on weaker US data, profit-taking from euro shorts NEW YORK: The US dollar slipped against a basket of major currencies on Wednesday after weak US economic data led traders to buy back the euro and sell the dollar on uncertainty over the timing of the Federal Reserve's first interest rate hike in nearly a decade. The dollar index slipped for a second straight session in the wake of data showing US industrial output posted its biggest drop in more than 2-1/2 years in ...
C$ surges to 3-month high after central bank's more bullish signal TORONTO: The Canadian dollar powered higher on Wednesday after the Bank of Canada talked down the probability of another interest rate cut, with the currency hitting its strongest level against the greenback since the bank's surprise rate cut in January. Bank Governor Stephen Poloz reiterated his view that the impact of the oil-price crash on Canada's oil-heavy economy will have been most severe in the first part of the year and that the bank's 25-basis-point ...
Latam currencies gain on US data; Petrobras advances SAO PAULO: Latin American currencies rebounded on Tuesday after weaker-than- xpected US retailsales data hit the dollar, helping put an end to a three-day slump in the region's foreign exchange markets.Equities were broadly lower, though gains in Brazilian heavyweights Vale and Petrobras helped maintain the MSCI Latin American stock index in positive territory.Also hurting the dollar was a downward revision for US economic growth announced on Tuesday by the International Monetary Fund.Weak US data tends ...

 



 
Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln